annual report – Renew GSP Today https://renewgsptoday.com A resource from the Coalition for GSP Wed, 20 Feb 2013 16:46:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://renewgsptoday.com/wp-content/uploads/2017/04/cropped-CoalitionForGSP-Logo-ICO-32x32.png annual report – Renew GSP Today https://renewgsptoday.com 32 32 Coalition for GSP Releases Annual GSP Report https://renewgsptoday.com/2013/02/20/coalition-for-gsp-releases-annual-gsp-report/ Wed, 20 Feb 2013 16:46:42 +0000 http://renewgsp.wpengine.com/?p=2193 This morning, the Coalition for GSP released its latest annual report on the history, administration, and usage of the GSP program.  In addition to facts already noted here (e.g., GSP imports reached $19.9 billion and saved U.S. companies nearly $750 million in 2012), the report found:

  • California had the highest value of GSP imports ($2.8 billion) and tariff savings ($111 million) in 2012
  • Rhode Island imports would’ve face the highest average tariffs (7%) without GSP
  • 94% of imports from GSP-eligible countries did not enter duty free under GSP
  • GSP eliminated tariffs on individual products that were as high as 37.8%
  • Motor vehicle parts were the top product group imported under GSP in 2012
  • Per capita incomes for top GSP beneficiary countries remain well below the statutory “high-income” threshold for automatic graduation

You can download the full report, which includes much, much more info, by clicking here.

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